Economic Forecasting
| Author | : | |
| Rating | : | 4.12 (651 Votes) |
| Asin | : | 0691140138 |
| Format Type | : | paperback |
| Number of Pages | : | 568 Pages |
| Publish Date | : | 2013-04-10 |
| Language | : | English |
DESCRIPTION:
The early and continuous emphasis on the loss function is wonderful, as is the insightful treatment of forecast combination. Diebold, University of Pennsylvania"This book provides an up-to-date guide to forecasting for applied researchers. There are many good texts on forecasting, but none provides a comprehensive integration of forecasting and forecast evaluation with decision making as it is done in this volume. In addition, the book covers standard forecasting techniques as well as recent developments dealing with model instability, real-time and mixed-frequency data, and forecast c
Allan Timmermann holds the Atkinson/Epstein Chair at the Rady School of Management at the University of California, San Diego, where he is also professor of finance and economics. . Graham Elliott is professor of economics at the University of California, San Diego
I know the book content is great. The four stars is because the whole bottom Bought this book based on a recommendation. I know the book content is great. The four stars is because the whole bottom part of the cover came with some sort of stains.
The book features detailed presentations and empirical examples of a range of forecasting methods and shows how to generate forecasts in the presence of large-dimensional sets of predictor variables. Economic Forecasting presents a comprehensive, unified approach to assessing the costs and benefits of different methods currently available to forecasters.This text approaches forecasting problems from the perspective of decision theory and estimation, and demonstrates the profound implications of this approach for how we understand variable selection, estimation, and combination methods for forecasting models, and how we evaluate the resulting forecasts. This poses unique challenges for rese